Talk about delusion. Geez. You are really far out in fantasy land. Good luck.

You really believe that nonsense that Bitcoin will take over as the only currency. This is the mentality of an insane goldbug.

I think you should continue in your ignorant bliss and category errors illogic. And I should not try to wake up a sheep.

And all because you invested in Bitcoin and lost a lot of money and need the price to go up. Sigh. Therefore you resist any attempt to say the protocol needs improvement.

Thanks for confirming to me that the powers-that-be have no significant resistance.

You enjoy moving the goal posts. Does that help you?

Being disingenuous can only serve to fool yourself. You asked me for any signs that the world is caving in to USA style authoritarianism. I provided it, you move the goal posts to something other than what you asked me to do.

Yes the mining equipment being used to avoid regulations will be seized when the time is ripe. But by then it will be much too late for you. I warned about Tor in mid-2013, then in late 2014 so many hidden services were busted.

Ditto will happen again on my warnings.

Exactly which government department owns the airports and airlines?

There are no TSA and body cavity searches for infants and grandmas. It is just a delusion.

Fuck the powers-that-be could defaecate in your face, fuck you in your ass, and you'd still be protecting your investment in Bitcoin. Amazing how investments can make you stupid.

It is the same myopia that infected the gold bugs. They argued all the way down from $1700 to $1150 with Armstrong's prediction. And they still persist. They need a good ass whipping before they will capitulate.

What you may not appreciate is that if the USA withholds its internet and interconnection backbones to which it has control or can assert control, then the same as when the USA threatens foreign banks that it will withhold transfers, these foreign entities are forced by market realities to adhere to USA edicts.

This is why 77,000 firms abroad willingly agreed to comply with FATCA.

So if you have some fantasy about being able to avoid the long-arm of the reach of the USA control, I don't know on what precedent you base it?

I hope you are aware of recent news that the NSA taps all the international backbones. What country wants to be shut off from the rest of the internet? Brazil is building an undersea cable to Portugal. And how long do you think it would take for the USA military to destroy that cable when the hot wars begin? I bet they can find a way to blame it on Russia or terrorists, as they did to the airline that was shot down over Ukraine.

Again I remind you that European authorities were involved in the recent crackdown on Tor hidden services:

One more reason if you have a large ASIC rig you will mine on the approved pools because that is where the most transactions and revenue will be, because the sheeple will surely follow the government edicts.

turvarya, are you not aware of all the seizures of cash and gold of Europeans crossing borders?

It is not an assumption. It is a well researched fact that there is no adequate IP anonymization available to your average person that will reasonable to use. Of course you can sometimes be anonymous by finding a Wifi that doesn't know you identity (and hope there is not a hidden cam around catching your face or license plate and hope your car or cell phone isn't tracking you), but this is certainly not a reasonable option for running a mining rig (and certainly not an ASIC farm!), and not even reasonable for sending txs, because I've tried that. It is so fucking inconvenient that you end up making mistakes or saying "fuck it".

I warned for a long time that Tor is subject to Sybil attack and also timing analysis. Now this is being confirmed.

And if you have a large ASIC farm, you are not going to risk your investment on stupid hair brained, half-ass anonymity experiments. If the government has shown it is serious, you are going to comply. The few rogue cowboys will be hunted down to show everyone they better not dare risk it.

Kim Dotcom didn't really break any laws, so he can't be extradited. Try breaking some AML and KYC laws and see how fast New Zealand will jail your ass.  Because if government gives up its power over money any where, they lose their authority to tax and govern and exist.


They got AML and KYC laws (and underwear patdown, shoes off through the Xray searches) implemented every where. I lived in the Philippines since the 1990s, and they never asked for an ID for sending cash money remittances, now I need 3 fucking ids just turn on internet connection or cable TV.

What the hell is wrong with being paranoid and safe now rather than "too late and screwed" later?


You'd have to be fucking blind to not see it.

But frogs boil in the pot if the heat is turned up slowly enough. So don't feel bad, you won't even realize what happened to you.


How ignorant is it to be ignorant of repeating history and how this shit goes down every damn time?

Have you Europeans forgotten what a hell in an authoritarian megadeath handbasket your place was the last time your socialism peaked and collapsed into hell?

P.S. Hollande didn't call for the nationalization of the internet and taxing bandwidth. His party wasn't recently elected with 75% of the vote. Obama didn't follow with hiding behind net neutrality bullshit so he can tax the internet and control the ISPs as a public utilities under the FCC. Obama hasn't received a lot of support on this forum for that. Nevermind the delusional rants, just carry on on your lilypad on the other side of the pond.

Try rereading the posts where we talk about confiscation of mining equipment if it isn't used to mine on the approved pools and if there is not adequate IP anonymization to hide your mining equipment.

What happens when you as a citizen try to avoid AML and KYC laws? Have you reviewed the penalties for money laundering?

Don't expect the government to be reasonable. Review some of the crazy Civil Forfeiture seizures. The powers-that-be were really wicked. They let the police keep the seized goods, thus police have become corrupted and it is like a drug. They now need more and more seizures to feed all the additional expenditures they've scheduled due to the increase in income from seizures.

The powers-that-be will incentivize the authorities all over the world to become thieves.

This is the sort of decadence that was the demise of Western Rome and every other empire. We should expect to see massive corruption at the top of the world's largest ever global debt bubble.

Even ignorance is at all time high. If you guys are not awake, do you really think the masses are waking up? No! They are just getting restless. But they have no clue how and what to really be restless against. Their angst will be directed by the powers-that-be. It is always like this. Even the French Revolution ended up supporting the authoritarian outcome of Napoleon. People can't lead themselves and they can't be decentralized. Never.

Stop with your silly "decentralization is a magic cure for human nature" and franky1's "decentralization implements itself spontaneously out of thin air so relax no changes please" fantasies. The best we can hope for is a benevolent leader. And a modicum of useful decentralization such that killing the leader doesn't destroy the positive technological advance.

Great technological advance never comes from a group. It comes from leadership and individual innovation. However, great leaders can sometimes work together, or they can work with great sidekicks. And group feedback and input is always useful. And the group is good at spotting outliers such as bugs and missed cases, i.e. groups (open source) are (is) very useful for refinement.

Wait I will dig up the math to be sure. I will go eat first outside, reply when I return.

All of the above. They already submit to the structure of the powers-that-be versus the people. That is the modus operandi of government.

Of course many of you will think this is crazy, until it is too late already and then it is evident. So then in depression and realizing you are fucked and have no way out, you take your Fukitol pill and be a zombie.

If decentralization is broken, then what is it? Duh! (centralization) Semantics is apparently another of your strong capabilities.

When the thesis is broken it is its antithesis.


I am precisely talking about how to enable decentralization to work. You are fighting against by asserting that the broken aspects in the Bitcoin protocol and the available broken anonymization technology is sufficient.


Do you mean 0-confirmation transactions? And exactly how will you protect yourself against a government driven double-spend attack against those providers who accept 0-confirmations?


If you are referring to 10-30 minutes transactions I experienced with Localbitcoins and Bitpay, then sorry that is not fast enough to win the market. People will prefer to use off chain for immediacy (and consistency of the delay).

I lost entire fucking afternoons registering domains with Bitcoin. Sucks! Twiddling my thumbs. Add Tor to the mix over a slow 3G dongle for anonymity and I blew out entire days of what would normally take me 2 minutes to accomplish.

Fuck that! People will use off chain and they are in increasing numbers.


Because you say so? You will eat those foolish words.


You are really foolish. Just continue with that nonsense. You are not anonymous even you imagine you are. I am not going to bother to explain to you how that is de-anonymized. It is a homework assignment for you.


The point (since you can't read) is I wrote they can't "download the client and mine". A CPU is useless. You have no marketing sense to understand how a CPU coin can involve millions in instant gratification. But they need something to spend it on, otherwise there is no reason for them to. If you want decentralization, you must have the users mining, not just using it via Paypal and Coinbase.

And yes I know that every algorithm can be put on an ASIC. And I have a solution for that.

Bitcoin has no hope of achieving that. Absolutely zero chance.


Nonsense again. None of the users will be mining. They will all be sheeple and thus easy to fold into regulation.


Again you don't see your logic error! I am so tired of talking to you. You don't even think things out before you write.

I guess you don't understand that without anonymity of IP, then the IP connection from the source server at the physical location of the mining farm is also seen by the authorities as connecting to the server in NY. You can't hide from the national security agencies just because your physical farm is in Japan or wherever.
 

Because you are a good follower member of the sheeple.

I believe oblivious shares can be implemented using a public hash of the block data. The secret can be independent of the compilation of the contents of the block.

That would be true for you guys, but the problem is Bitcoin is being pushed now to the masses on Paypal, etc..

Once the powers-that-be (e.g. Peter Thiel) have a critical mass of sheeple on Bitcoin, they can move forward with the regulation.

I've been able to clearly see their plan way before they started to implement it. I tried to warn but nobody listens to me.

I am not able to grasp your logic. Please clarify what is your point?

You can't move and escape FATCA. I explained why upthread. The control the USA has will catch up to all jurisdictions. You forget that the debtor is slave to the lender. The entire globe is short the dollar, because of massive dollar loans due to QE. The powers-that-be planned very well. The USA will be the strongest of the world for another decade or so, just long enough to complete all the confiscation of the world's wealth before they do the monetary reset and new world order peace in 2032.


I am talking now about designing a solution and you are arguing against it. Just stay with Bitcoin everything is fine. We just need more of people like you to be sure regulations move faster than we can.


One large example is enough to teach the others how to protect their investment, i.e. don't fight with City Hall.


For you the entire world's problems can resolved in church by singing "decentralized halleluiah". Never mind actually preparing and implementing. Just a word and a lot of erroneous fantasy (e.g. category error conflation, "decentralization means piratebay and marijuana is same as Bitcoin" yahooyahoo) is enough for your flock.


"Show us your proof. Uh no proof, okay we are confiscating everything, here is your receipt to show up in court", says the authorities.

So you mean Bitcoin forks and the blacklisted addresses go off into a separate currency that ignores the block solutions from the approved pools fork?

The fork won't have enough hashrate, because the large farms will need to go on approved pools to minimize risk of confiscation. Thus the government can easily sabotage the feeble fork with double-spends.

No fungibility will be lost for those who comply, thus the majority will comply in the interests of maintaining value and fungibility.

None of that applies to the logic of P2Pool though, because even on the feeble fork, it will be more profitable to mine on a regular pool that can't be subject to mining share withholding (assuming the Rosenfeld oblivious shares fix is implemented).

franky1 is just playing political spin games now, trying to spin public opinion and deflect away from the fact that I have completely refuted his nonsense.

franky1, you also continue to be wrong about the Bitcoin protocol. It is broken:

1. It can't support fast transactions on chain, thus encourages off chain, which leads right into the lap of AML and KYC as I explained.

2. It doesn't have ring signatures thus it can't support untraceability and unlinkability. CoinJoin isn't a solution as it can be jammed by an adversary.

3. Its PoW algorithm is hopelessly out-of-the-reach of "download client and mine" for the masses.

Etc..

phillipsjk,

I2P may or may not have some random delay at the node, I've never found a specification for I2P, nor is there is abundant research on I2P. Thus I can't trust what I can't know.

And there remains the problem that the relay nodes can be Sybil attacked (and we'd never know it). I have outlined a solution to that problem.

Also I don't trust I2P because it is operating at a very low-level in the network protocol stack, so I don't know how to characterize all potential de-anonymization correlations that can occur higher up the protocol stack.

Your logic is incorrect on P2Pool because miners will move to a pool that has less leakage of profits.

It is not exactly clear what you are referring to, but in any case, miners don't want their earned block rewards to be blacklisted, because then what ever they earned would be worthless. So they will be sure to mine on government approved pools.

Yes.